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Integrites Successful for Ukrenergo in Investment Treaty Arbitration Against Russia

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Integrites, working with Hughes Hubbard & Reed, has successfully represented Ukrenergo in an investment treaty arbitration against Russia.

Ukrenergo is a Ukrainian transmission system operator.

According to Integrites, "on August 5, 2024, the arbitral tribunal upheld jurisdiction over Ukrenergo’s EUR 527 million claim relating to the expropriation of its Crimean assets. Ukrenergo commenced arbitration under the Ukraine–Russia Bilateral Investment Treaty in 2019. Among others, it seeks compensation for Ukrenergo’s electricity grid seized by Russia after the purported annexation of Crimea in 2014."

The Integrites team included Partners Serhii Uvarov and Dmytro Marchukov and Associate Iryna Ivanova.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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